The Resolution of the Board of Directors form addresses the issuance of shares within a corporation located in Hillsborough. This document is essential for formalizing the decision made by the board regarding the issuance of common stock, either for cash consideration or in exchange for assets. Key features include sections for specifying the names and the number of shares issued, along with their respective considerations. Users must fill in the necessary details regarding the amount of cash or assets being exchanged, and obtain signatures from board directors for validation. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to ensure compliance with corporate governance standards. It streamlines the process of stock issuance and maintains clear records of ownership and corporate decisions. Editing is straightforward, requiring accurate entries in relevant fields. The form serves as a crucial reference point for future transactions and corporate decisions involving stock ownership.